Jun. 4 at 10:28 AM
$PED I am shooting for
$150 oil sometime in July I could be wrong with my opinion we shall see, am well pleased the hedging for Q2 is 60% hedged (down from a 75% coverage requirement mandated by their bank group when the Juniper Merger closed in late 2025) and not all that is oil, and the gas hedges are/have been doing well.
I like that Q2 will also be a full Q of
$95 + oil with much being over
$100.
I like the use of the three way collars with the
$80 calls capping the downside risk while allowing them to take advantage of the upside over
$80.
This Q (and the rest of 20206 and into 2027) things on the $$ front are much different than people believe. It is taking a bit more time than expected but it is all coming together brilliantly, IMHO.
Peace out.
